NEW RESIDENTIAL PROJECT BY HANZAS NAMI AND OAD IN ĀGENSKALNS
Hanzas Nami has announced Āgenskalna Lietus Dārzs, a new residential development designed by award-winning architect Zane Tetere-Šulce of OAD. The project will combine two apartment buildings, a renovated heritage house, six townhouses and two private villas around a secure, landscaped courtyard.
Source: Āgenskalna Lietus Dārzs
PROJECTS
RĪGA RESIDENTS INVITED TO VOTE ON 48 NEIGHBOURHOOD PROJECTS
Rīga has allocated €2.85 million to 48 participatory budgeting proposals aimed at improving neighbourhoods and public spaces across the city. Residents aged 16 and older can vote throughout November, either online at geolatvija.lv or in person at municipal service centres.
Source: Riga City Council
URBAN DEVELOPMENT
MORTGAGE LENDING IN LATVIA GROWS BY 24%
Demand for home loans in Latvia continues to rise. According to Swedbank, mortgage lending increased by 24% in the first nine months of 2026 compared with the corresponding period a year earlier. The number of mortgage agreements also grew by 15%, indicating continued activity in the residential property market.
Source: Swedbank / LETA press release
DATA
INVEGO TO ACQUIRE SKONTO STADIUM IN RĪGA
Estonian real estate developer Invego has agreed to acquire Skonto Stadium, with plans to transform the site into a modern urban district connecting Rīga’s historic centre with Skanste. Football matches will continue at the stadium for another five years while the development project is being prepared.
Source: Baltic Football News
NEWS
€43 MILLION AMPÈRA PROJECT IN VILNIUS SECURES BUILDING PERMIT
Developer DOMÉ has received a building permit for AMPÈRA, a €43 million mixed-use development in central Vilnius. The 13,324 m² project will include 44 apartments, 60 office spaces and 11 commercial units. Construction is expected to begin soon, with completion scheduled for the first half of 2028.
Source: AMPÈRA
PROJECTS
BONAVA PLANS ITS FIRST RESIDENTIAL PROJECT IN OLAINE
Bonava is preparing its first residential development outside Rīga, with a new apartment project planned in Olaine. The first phase will comprise a six-storey building with 72 energy-efficient apartments. Construction is expected to begin no earlier than 2028. The development will also include improvements to pedestrian and vehicle access in the surrounding area.
Source: Olaine Municipality
PROJECTS
VILNIUS SOVIET-ERA APARTMENT PRICES APPROACH €3,000 PER M²
Prices for Soviet-era apartments in Vilnius are approaching €3,000 per m², around 2.5 times the level recorded in Rīga, according to Latio. In the Lithuanian capital’s most sought-after neighbourhoods, prices have increased by approximately 20% year-on-year, bringing older apartments into the price range of new residential developments in Rīga.
Source: Latio
DATA
ONE IN FIVE YOUNG ADULTS IN LATVIA STILL LIVES WITH FAMILY
Around 20% of Latvians aged 18–39 live with their parents or other relatives, according to a survey conducted by Luminor. Low incomes, high rental costs and insufficient savings for a mortgage down payment are among the main obstacles preventing young adults from moving into their own homes.
Source: Luminor
DATA
STARO RĪGA 2026 TO TRANSFORM THE CITY WITH LIGHT
The annual Staro Rīga light festival returns on November 15–18, turning streets, buildings and public spaces into an open-air gallery of light installations. This year’s theme, unum momentum (“that one moment”), explores moments that transform the world around us or within us. Installations will be open daily from 17:00 to 23:00, with free admission.
Source: Staro Rīga
EVENTS PLANNED
